The annual assessment and approval of UBS's stabilization and emergency plans for 2024 have been canceled by Finma, the Swiss Financial Market Supervisory Authority.
This decision is a result of UBS's ongoing integration of Credit Suisse, which is expected to continue until 2026.
Finma has chosen to postpone the evaluation of UBS's emergency plans without specifying a new date for the assessment.
This decision reflects Finma's recognition of the challenges UBS is facing during this significant transition period.